The MANGO Naira Money Market Fund is a type of unit trust scheme authorized by the Commission with the primary objective to provide investors/participants in the scheme with capital preservation and steady streams of income derived from investments in money market instruments issued by the Federal Government and in highly rated instrument from financial and non-financial institutions rated by a registered rating agency as may be specified from time to time by the Commission.

A Unit Trust is an investment fund that pools money from multiple investors to invest in a diversified portfolio of assets, managed by a professional fund manager. Investors own units in the trust, which represent their share of the total assets.

The primary objective is to provide capital preservation and generate competitive returns by investing in short-term, low-risk money market instruments.

A summary of the Fund’s asset allocation guidelines is presented below:

• Treasury Bills – 25% – 75%
• Fixed Deposits & Commercial Papers – 30% – 75%
• Cash – 0% – 5%

The fund is managed by Mango Asset Management LTD. Mango Asset Management is registered with the Securities & Exchange Commission (SEC) as a Fund Manager.

MANGO Naira Money Market Fund is registered with, and regulated by SEC. The interest of investors in the Fund is further protected by the Trustee (PAC Trustees Limited), who supervises the activities of the Fund Manager.

In addition to the above, an independent Custodian (Access Bank Plc) will hold and safeguard the assets of the Fund. This structure creates control in the management of the Fund.

The Trustees of the Fund is PAC Trustees Limited. The Trustees have a legal duty to protect the interest of the Unitholders. Their activities will include ongoing supervision of compliance with the investment policies of the Fund

The fund is open to:

• Individual investors
• Corporate entities
• Institutions
• Trusts and Foundations

Other eligible investors as per regulatory guidelines

There is no maximum investment limit. However, the minimum initial investment amount for the MANGO Naira Money Market Fund is ₦100,000.00 (1,000 units at ₦100,000.00). Subsequent investments can be made in multiples of 10 units, with each unit priced at ₦1000.00.

• Low Risk: Focuses on capital preservation.
• Liquidity: Easy access to funds.
• Competitive Returns: Offers better returns than traditional savings accounts.
• Professional Fund Management: Managed by experienced investment professionals.
• Diversification: Spreads investments across multiple instruments.

The Fund generates returns by investing in secure, short-term financial instruments that earn interest. These returns can be distributed as dividends or reinvested based on investor preference.

Redemptions are typically processed within 5 business working days after the relevant redemption documents have been completed and sent.

To invest:

• Visit the Mango Asset Management website or office.
• Download and complete the Purchase Order Form.
• Provide the required KYC documents (e.g., Passport Photograph valid ID, proof of address).
• Make your initial investment via bank transfer or other approved payment methods.
• Scan and email your completed Purchase Order Form to mutualfunds@mangoam.com.
• Receive your unit certificate or confirmation of investment.

No, investors do not have direct control over investment decisions. The Fund follows a pre-defined and approved asset allocation strategy, and the Fund Managers leverages their expertise to make investment choices in line with this allocation.

The Fund does not guarantee a fixed rate of return. However, it aims to deliver competitive returns comparable to those of high-yield fixed-income instruments in the market. The return influenced by prevailing interest rate trends in the financial market.

Dividends will be distributed at the end of each calendar quarter to all Unit holders. You can choose to either re-invest the dividend or have it directly credited to your account. Bank details must be provided when you initially purchase units in the Fund. If a client partially liquidates their investment before the quarter ends, only the capital amount will be paid out. Any income earned up to the liquidation date will be included in the next quarterly distribution. Full income will only be paid if the investment is fully liquidated before the end of the quarter.

Yes. The fund is regulated, and investments are made in low-risk, short-term instruments to minimize exposure to market volatility.

• The MAMVEST mobile app
• Monthly or quarterly performance reports
• Regular updates on our website

Yes, you can sell your investment to the Fund at any time. To do so, you will be required to complete and sign the redemption form. This form should be submitted to the Fund Manager’s office or emailed to the address provided on the back of the document. The redemption process will be completed within one working day after the Fund Manager receives your properly executed redemption form.

For further inquiries:

• Email: mutualfunds@mangoam.com
• Phone: 070070MANGO
• Website: mangoam.com/mutual-funds/
• Office Address: Heritage Place, 21 Lugard Avenue, Ikoyi, Lagos, Nigeria